The overhaul of the investment industry’s charging structure, known as the
Retail Distribution Review (RDR), will come into force in January 2013.

One of several positive effects of the RDR should be a surge of fresh interest
in investment trusts.

Until now some commission-based advisers have declined to recommend investment
trusts becuse they do not, as a rule, pay any commission, whereas unit
trusts and a number of other investment products do.

But from next January adviser commission will be abolished, creating a more
level playing field. A study by JPMorgan, the asset manager, found that 35
per cent of